🫠 Good afternoon, friends! Here we go again: $2 billion in liquidations!
🔥 Over the past 24 hours, approximately $2 billion in positions were liquidated across the crypto market, including $774 million in Bitcoin and $488 million in Ethereum. The vast majority of liquidations were long positions.
🚨 DeFi protocol Kava Lend was hacked. The attacker withdrew around 55.2 million KAVA worth $3.76 million by exploiting a collateral valuation error. The KAVA token lost nearly 40% of its value, and some exchanges temporarily suspended trading in it.
❌ The stUSDT project announced it was shutting down. Yield accrual has been halted, and users have until May 14, 2027, to redeem their tokens themselves. JustLend is also preparing to close the stUSDT lending market.
🛡️ TRM Labs introduced Beacon Concierge, a service to help law enforcement track and freeze stolen cryptocurrency. According to the company, its network has already helped intercept more than $200 million in suspicious assets.
👀
Despite the negative backdrop, the market always offers opportunities to make money for those who look beyond the charts. Wishing everyone a great mood and a wonderful day!
#crypto #Kavalend #TRMLabs
🔥 Over the past 24 hours, approximately $2 billion in positions were liquidated across the crypto market, including $774 million in Bitcoin and $488 million in Ethereum. The vast majority of liquidations were long positions.
🚨 DeFi protocol Kava Lend was hacked. The attacker withdrew around 55.2 million KAVA worth $3.76 million by exploiting a collateral valuation error. The KAVA token lost nearly 40% of its value, and some exchanges temporarily suspended trading in it.
❌ The stUSDT project announced it was shutting down. Yield accrual has been halted, and users have until May 14, 2027, to redeem their tokens themselves. JustLend is also preparing to close the stUSDT lending market.
🛡️ TRM Labs introduced Beacon Concierge, a service to help law enforcement track and freeze stolen cryptocurrency. According to the company, its network has already helped intercept more than $200 million in suspicious assets.
👀
Despite the negative backdrop, the market always offers opportunities to make money for those who look beyond the charts. Wishing everyone a great mood and a wonderful day!
#crypto #Kavalend #TRMLabs
